Are you looking for the perfect closing gift for your client? Closing gifts are a gesture you should take with all your clients to maintain a long-lasting relationship with them, build your sphere of influence, and get referrals. Not to mention, it’s the perfect way to celebrate your client’s new beginning. Below is a list of my top 15 real estate closing gifts for your clients, whether you’re looking for something techy, practical, edible, fun, or reminiscent of the local area.
How Much Should A Realtor Spend On A Closing Gift
One of the most common questions agents have about buying a closing gift for a client is how much should they spend? Most agents should spend between 1-5% of their gross commission income for that deal on a client’s closing gift.
For example, on a $300,000 home at 3% commission, this equals $9,000 in commission. In this case, 1% would be around $90, and 5% would be around $450. I have always spent around 2-3% of the gross commission income on my clients.
Ultimately, a closing gift is not required so anything that you decide to give to your client is special. You should always feel proud rather than pressured to give a closing gift to a client.
How Much Tax Write Off For Closing Gifts
When deciding what to give a client for a closing gift, you should also consider tax deductions for real estate agents. If you are simply purchasing a gift for a client, you can typically expend $25 per gift per individual. However, if you place your branding onto the gift you can typically deduct the entire expense as promotional and advertising. This is a major advantage come tax time at the end of the year!
Real Estate Closing Gift Ideas
Technology and Practical Gifts
1. Ring Video Doorbell
Smart doorbells are the perfect technological companion to a new home. The Ring Video Doorbell is a compact and affordable doorbell that will give your client security, protection, and peace of mind. Your client will be sure to appreciate real estate closing gifts like this one that will make their life a little bit easier.
A Roomba robot vacuum provides the ultimate convenience. This gift is perfect for your clients with small children, where messes are bound to get made. Save them the stress of cleaning with a Roomba. While this is a pricier gift, your client will be thankful for a gift that will help them keep the floors of their new dream home perfectly clean as they move in.
3. Custom Return Address Stamp
There’s no better gift to help your client celebrate their new home than a custom return address stamp. This is an especially great gift to give around the holiday season when your client will be sending out cards and gifts to all their friends and family.
4. Personalized cutting board
This gift will help make your client’s move feel official! Get them a personalized cutting board that they can use to cook tasty meals or hang up as a decoration to add a homey touch to their kitchen. Add the date of their move-in to commemorate the start of this exciting chapter in their lives.
5. Hello Fresh Gift Card
Meal kit delivery services have risen in popularity in recent years as a way for busy people to quickly and conveniently cook healthy meals. A Hello Fresh gift card is great for your clients who are new to cooking, want to make more time to do it, or to inspire them to put their new kitchen to use.
6. Artisan Charcuterie & Wine Tray
Put a twist on the classic gift basket with this Artisan Charcuterie and Wine Tray. Treat your client to a luxurious housewarming gift of cheeses, crackers, wines, and dips to help them celebrate their dream home.
7. Coffee Sample Pack
Is your client a coffee connoisseur? Give them this gift so that they can wake up with energy each morning in their new home. This coffee sampler features several varieties so that they can discover their new favorite.
8. French Trio Wine Gift Basket
A bottle of wine is another classic option for real estate closing gifts. Spice it up with this French Wine Trio Basket, featuring two red wines, one white wine, and many chocolate treats.
9. BarkBox Gift Card
Does your client spoil their furry friend rotten? Help them welcome their beloved pet into the new home with a BarkBox filled with their pet’s favorite toys and treats.
10. Cornhole Game Set
A yard game like corn hole makes a great real estate closing gift for clients who have kids or plan on hosting parties in their new home. Give them this corn hole game set, so they have something fun to set up in their new yard!
11. Bocce Ball Set
Bocce Ball set is another fun yard game that your client can enjoy with their friends and family. This four to eight-player Bocce ball set will be sure to help them have fun and create some great memories outside in their backyard.
Gifts From the Local Area
12. Gift Card to a Local Business
Put your relationships in the local community to use by giving your client a gift card to a local business. Support a local florist, restaurant, cafe, or boutique shop and introduce your client to a great place they can keep coming back to.
13. Gift a Local Experience
Is there something unique your area is known for? Maybe a famous museum, whale watching tour, historical tour, or ghost tour? Or an outdoor excursion, like an airplane tour? Give your client the unique gift of a memory they can cherish forever with a fun experience!
14. Professional Services
As a Realtor, you probably have some good relationships with local painters, interior designers, gardeners, or handymen. Give your connections some business by referring them to your client. Partner with them to create some sort of deal, such as a free consultation or discount. They will appreciate the business, and your client will appreciate the excellent service.
15. Gift a Class
Give your client the experience of a fun learning experience. A cooking, painting, or pottery class are great opportunities for your clients to meet new friends in their community and make lasting memories.
What Do You Think Of These Real Estate Closing Gifts?
These memorable and unique real estate closing gifts are a great way to help your client celebrate living in their new dream home. You will put a smile on their face with these thoughtful gifts, and they will be sure to remember you as the one who helped them start their new chapter!
What closing gifts will you give your clients? Let me know in the comments below!
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